2014 GEL to AZN Historical Review

YEARLY HIGH

0.4505 AZN

YEARLY LOW

0.4280 AZN

YEARLY AVERAGE

0.4454 AZN

2014 GEL to AZN Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2014

During 2014, the GEL to AZN exchange rate experienced significant fluctuation. The market reached its absolute peak on August 25, valuing the pair at 0.4505. Conversely, the yearly low was recorded on December 3, dropping to 0.4280.

This high-to-low spread represents a total annual volatility of 0.0225 AZN. From a start-to-finish perspective, comparing the January average rate of 0.4448 to the December average rate of 0.4400, the exchange rate registered a net change of -1.09% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2014 high of 0.4505 was down 6.21% compared to the 2013 peak of 0.4804, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

Comparing the value generated converting 5,000 GEL based on timing:

Yearly Peak High 2,253 AZN

2013 Average 2,356 AZN

Yearly Trough Low 2,140 AZN

Transaction Impact: A difference of 112.34 AZN purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2014.

0.4507

0.4390

JanuMarcMayJulySeptNove

GEL to AZN Seasonal Trends & Volatility Analysis

A structured review of seasonal halves, trading extremes, consecutive streaks, and historical baselines.

Seasonal Halves (H1 vs H2)

Seasonal

The average exchange rate in the first half of the year (H1: Jan–Jun) was 0.4458, compared to 0.4451 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0006 points.

H1 Avg (Jan–Jun) 0.4458

H2 Avg (Jul–Dec) 0.4451

Volatility Range Comparison

Volatility

The most volatile month in 2014 was December, with a trading range of 0.0168 AZN (High: 0.4448 / Low: 0.4280). On the other end, October was the most stable month, with a tight range of 0.0009 AZN (High: 0.4465 / Low: 0.4456).

December Spread (Volatile) ±0.0168

October Spread (Stable) ±0.0009

Growth Streaks & Declines

Trends

Between January and March, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 2 straight months. Conversely, the sharpest month-over-month decline occurred between October and November, when the average rate fell by 0.0038 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -0.0038

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (August 2014: 0.4498) against the same month in 2013 (average: 0.4721), the exchange rate shifted by -0.0223 (-4.73%).

2014 Avg (August) 0.4498

2013 Avg (August) 0.4721

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.4486	0.4412	0.4448
February	0.4505	0.4418	0.4473
March	0.4502	0.4463	0.4481
April	0.4470	0.4435	0.4459
May	0.4465	0.4432	0.4447
June	0.4447	0.4432	0.4437
July	0.4496	0.4438	0.4454
August	0.4505	0.4486	0.4498
September	0.4491	0.4462	0.4474
October	0.4465	0.4456	0.4460
November	0.4464	0.4338	0.4422
December	0.4448	0.4280	0.4400